ManpowerGroup price target lowered to $57 from $63 at UBS

UBS lowered the firm’s price target on ManpowerGroup (MAN) to $57 from $63 and keeps a Neutral rating on the shares. UBS thinks risk/reward could skew positively into the Q1 print given the view that market trends have been stable during Q1, and despite market volatility around tariffs, customers have not made many adjustments in early Q2, the analyst tells investors in a research note. The firm expects ManpowerGroup’s operations to be in-line in Q2, with tariff noise now diminishing, and sees some potential upside to Q2 guidance on margin seasonality and better FX.